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Payment of Emission Fees: Can we remove the involement of essrow agent and provide an undertaking from receiving or lending bank to pay fee upon receiving and due verification of SBLC?

April 26, 2017agent emission fees involement payment remove undertaking

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Payment of Emission Fees: Can we remove the involement of essrow agent and provide an undertaking from receiving or lending bank to pay fee upon receiving and due verification of SBLC?

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Since we deal in ENHANCEMENT instruments, and not securities, this form of payment is not acceptable. The only way in which we can provide an enhancement instrument is through funds on escrow with a major law firm, insured for this type of transaction and escrow work.